Executive Moves, Venture Funding and Mergers and Acquisitions
Executive Moves
Active Reasoning, a Palo Alto, CA based developer of compliance software that audits peoples’ activities within the enterprise data center, named Charles Price as VP of Engineering. Price was formerly CEO of P2 Systems.
Anthology Solutions, a San Jose based provider of integrated storage solutions for small businesses and branch offices, named Ray Robidoux as President & CEO. Robidoux was formerly President of Netgear.
Arcwave, a Campbell, CA based provider of wireless solutions for the cable industry, named Michael Allen as VP of Worldwide Sales & Support. Allen was formerly VP of Global Sales & Service for Pacific Broadband Communications.
Artimi, a Santa Clara, CA based fabless semiconductor company developing single chip system solutions for high bandwidth wireless connectivity, named Colin Macnab as CEO. Macnab was formerly VP of Marketing & Business Development at Atheros Communications.
Digit Wireless, a Lexington, MA based technology development and licensing company focused on advanced interface technologies for mobile and portable products, named COO Mark Connon as CEO.
ECentury Capital Partners, a McLean, VA based venture capital firm, promoted Principal Jim Broder to Managing Director and Associate Chris Fritz to Principal.
Kalido, a Burlington, MA based provider of adaptive enterprise data warehousing software, named Joan Nevins as CFO. Nevins was formerly CFO at Upromise.
Matisse Networks, a Mountain View, CA based developer of DWDM Packet Switching for multi-service metro networks, named Michael Johnson as CFO. Johnson was formerly CFO & SVP of @Road Inc.
Oraxion Diagnostics, a Fremont, CA based provider of advanced metrology systems for semiconductor and related industries, named Bang C. Nguyen as CEO and Jonathan M. Sabol as COO. Bang was formerly VP of Marketing & Sales at NuTool. Sabol was formerly VP & GM at Asyst Technologies.
Pay By Touch, a San Francisco based biometric-based consumer payment service, named John Morris as President & COO. Morris was formerly in senior management at IBM.
Secure Data in Motion (dba Sigaba), a San Mateo, CA based provider of secure message management solutions, including e-mail, instant messaging and document delivery, for enterprise and government markets, named President & COO Al Cohen as CEO.
SiteScape, a Maynard, MA based provider of secure Web-based workflow and collaboration solutions, named Philip Andrews as Managing Director of European Operations. Andrews was formerly VP of EMEA Sales at System Management Arts Inc.
SurfKitchen, a Reading, UK based mobile software provider, named Richard Oliver as CFO. Oliver was formerly CFO & COO of SpiritSoft.
VaST Systems Technology, a Sunnyvale, CA based provider of tools and models for embedded system design automation, named Robert Bedichek as VP of Engineering. Bedichek was formerly an Advanced Micro Devices Fellow and head of the SimNowTM platform simulator group.
Vitex Systems, a San Jose based provider of transparent ultra-barrier films for use in flat-panel displays, promoted COO James Marshall to President & COO.
Xoomsys, a Santa Clara, CA based developer of a distributed processing solution for accurate large-scale circuit simulation using industry-standard circuit simulators and inexpensive Linux computing clusters, named Anthony Luk as VP of Engineering and John Yelinek as VP of Worldwide Sales. Luk was formerly VP of Engineering at Barcelona Design. Yelinek was formerly VP of Worldwide Sales at Nassda Corp.
Mergers & Acquisitions
AD Group, a Warrington, UK based developer and provider of CCTV solutions, acquired ChipWrights, a Waltham, MA based provider of digital signal processing technology for mobile imaging applications, for an undisclosed amount.
Aeroflex, a Plainview, NY based designer, developer, and manufacturer of automated testing solutions and microelectronics for the aerospace, defense, and broadband communications markets, acquired the Test and Measurement Division of UbiNetics, a Melbourn, UK based developer of 3G mobile wireless technology, for an undisclosed amount.
Alien Technology, a Morgan Hill, CA based provider of Radio Frequency Identification (RFID) products, acquired Quatrotec, a San Francisco based specialty integration services and project management firm focused on commercial aviation and other transportation markets, for an undisclosed amount.
Boston Communications Group, a Bedford, MA based provider of products and solutions that enable wireless operators to rapidly deploy and manage innovative voice and data services, acquired PureSight, a San Clemente, CA based provider of advanced content recognition (ACR) and management solutions for mobile operators and enterprise markets, for an undisclosed amount.
Click Commerce, a Chicago based provider of collaborative commerce, acquired Xelus, a Fairport, NY based provider of collaborative enterprise service management solutions, for an undisclosed amount.
Cisco Systems acquired FineGround Networks, a Campbell, CA based provider of a Web application delivery solution for enabling secure, high performance Web applications in the enterprise, for approximately $70 million.
CTC Communications, a Waltham, MA based communications carrier, merged with Lightship Telecom, a Bedford, NH based provider of high-speed Internet and data access, local and long distance telephone service, dynamic bandwidth allocation, Wide Area Networks, co-location and hosting services, for an undisclosed amount.
Entelos, a Foster City, CA based provider of computer-based disease-simulation models, acquired Discovery Innovations, a San Francisco based provider of Web-based informatics software and information services, for an undisclosed amount.
Francisco Partners, a Menlo Park, CA based technology-focused private equity fund, acquired RedPrairie, a Waukesha WI based provider of supply chain technology solutions that enable business process transformation, for an undisclosed amount.
Integration Associates, a Mountain View, CA based provider of tested wafers and packaged ICs for wireless, wireline, and power system management applications for a wide range of systems, acquired CompXs, a Santa Clara, CA based developer of low power, mesh network solutions, for an undisclosed amount.
Talk America, a Reston, VA based communications provider that offers phone services and high speed internet access to both residential and business customers, acquired LDMI Telecommunications, a Southfield, MI based communications provider serving business and residential customers primarily in Michigan and Ohio, in a deal valued at $40 million.
UTStarcom, an Alameda, CA based provider f IP-based, end-to-end networking solutions and international service and support, acquired Pedestal Networks, a Fremont, CA based developer of innovative universal broadband solutions, for an undisclosed amount.
Funding
Attenex - Seattle, WA; a developer of software for document analysis and visualization tools for electronic discovery; $5 million; Series B; Voyager Capital.
Brix Networks - Chelmsford, MA; developer of real-time service assurance and performance management solutions that verify the quality of advanced, Internet Protocol-based services; $1.5 million; Series E; Telus Ventures.
Caspian Networks - San Jose, CA; a developer of flow-state IP QoS systems; $55 million; round not specified; ABN Amro Capital, Alloy Ventures, Morgenthaler Ventures, New Enterprise Associates (NEA), Oak Investment Partners, U.S. Venture Partners.
Good Technology - Santa Clara, CA; a provider of mobile enterprise software on smart phones and mobile platforms; $15 million; Series E; Advanced Equities Financial.
InPhase Technologies - Longmont, CO; a developer of holographic data storage (HDS) recording media and systems; $32.1 million; Series C; New Venture Partners, Alps Investment Research, Bayer, Hitachi, Japan Asia Investment Company (JAIC), Mitsubishi, Nanotech Partners, Yasuda Enterprise Development.
Isilon Systems - Seattle, WA; a provider of intelligent clustered storage systems for digital content; $20 million; Series D; Focus Ventures, Atlas Venture, Lehman Brothers Venture Partners, Sequoia Capital.
Nanotech Semiconductor - Surrey, UK; fabless chip company, designing and supplying Driver and Receiver ICs for the fiber-optics communications industry; $6 million; Series B; Atlantic Bridge Ventures, Pond Venture Partners.
Proxilliant Systems - Stockholm, Sweden; a developer of cable networking solutions; $2.52 million; round not specified;Creandum, Northzone Ventures
Quickoffice - Plano, TX; a developer of office document software for mobile phones; $7 million; Series A; Mayfield.
Qumas - Cork, Ireland; a provider of enterprise compliance management software solutions; $10 million; round not specified; Fidelity Ventures, General Catalyst Partners.
Quorum Systems - San Diego, CA; a developer of multi-mode radio architecture for wireless products; $15 million; Series B; Greylock, Enterprise Partners Venture Capital, Kleiner Perkins Caufield & Byers.
Riskclick - London, UK; a developer of Business Process Management (BPM) software for the risk management and insurance industry; $8.2 million; Series C; Adventure Venture Partners, Amadeus Capital Partners, BA Capital Partners Europe.
Sefas Innovation - Arcueil, France; a provider of infrastructures for print and electronic document solutions; $3.8 million; Series D; XAnge Private Equity, AGF Private Equity, Matignon Technologies, Sofinnova Partners, SPEF Venture.
Shenick Network Systems - Dublin, Ireland; a developer of an integrated network application emulation and performance analysis test system; $3.25 million; round not specified; Innovacom, Trinity Venture Capital.
SpikeSource - Redwood Ciity, CA; a provider of open source IT Infrastructure solutions; $12.85 million; Series A; Fidelity Ventures, Kleiner Perkins Caufield & Byers.
Trolltech - Oslo, Norway; a provider of software development tools and libraries; $6.7 million; Series B; Index Ventures, Northzone Ventures, Teknoinvest Management.
Vast Systems Technology - Sunnyvale, CA; a provider of electronic system level (ESL) design tools, models, and technologies for the concurrent design and development of the hardware and software components of complex systems-on-chip and embedded systems; $12 million; Series C; Foundation Capital, Allen & Buckeridge, Mohr Davidow Ventures.
Wave7 Optics - Alpharetta, GA; a provider of broadband optical access network equipment; $3 million; Series C; Ballast Point Ventures.
Zenprise - Fremont, CA; a provider of infrastructure management software; $11 million; Series B; Shasta Ventures, Bay Partners, Mayfield.
Contributor: Venator Partners - Venator Partners is a Boston-based executive search firm that specializes in recruiting senior-level executives in the software and communications industries.
Copyright: Copyright © 2004. Venator Partners, LLC.
Covered Categories: M&A, Start-ups, Personnel Changes
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